The UK's import of hand-wound wrist-watches with base metal cases is forecasted to grow steadily from 2024 to 2028. In 2023, the actual import value stood at 3.9 million. The forecasted values show consistent growth, with an average year-on-year increase in the range of 4% to 5%. Over the five-year period, the compound annual growth rate (CAGR) is projected to be approximately 4.74%. This indicates a healthy and sustained upward trend, reflective of increased demand or increased unit price.

Future trends to watch for:

Rising disposable incomes may boost demand for luxury and collectible wrist-watches.
Trade policies and currency fluctuations could impact import volumes and values.
Technology advances might influence consumer preferences between traditional and smart-watches.